IgnoreForecasts—They’reUsuallyWrong

I have been quite surprised by the number of queries I’ve received recently from advisors and clients regarding the dire economic and market forecasts of Frank Porter Stansberry. So, I thought I would share my response.

To begin, here’s the entry for him on Wikipedia: “Frank Porter Stansberry is an American financial publisher and author. Stansberry founded Stansberry Research (previously Stansberry & Associates Investment Research), a private publishing company based in Baltimore, Maryland, in 1999. He is the author of the monthly newsletter, Stansberry’s Investment Advisory, which covers investments and investment theory in commodities, real estate, and the stock market. He is also the creator of the 2011 online video and infomercial titled ‘End of America’ (77 min). In 2002, the SEC brought a case for securities fraud and a federal judge fined him $1.5 million in 2007.”